http://www.techradar.com/news/project-santa-cruz

Facebook-owned Oculus is pushing the boundaries of virtual reality once again. The company has taken the wraps off of its latest and greatest headset, titled Project Santa Cruz, which is aimed at bringing the experience of PC-quality virtual reality to an untethered headset. 

That’s a pretty big deal for VR. While mobile virtual reality experiences like Google Daydream and the Samsung Gear VR bring VR to the masses with smartphones, the best-quality virtual reality remains tethered to a computer of some kind. Project Santa Cruz looks to change that.